Despite a decent quarter operationally, MEG’s 1Q15 cash flow was well below expectations, as the timing of diluent purchases and heavy
blend sales in a highly volatile price environment worked against MEG in the quarter. This volatility can just as easily work in MEG’s favour at
times, so we are not fussed by the financial “miss” as it does not impact our go-forward estimates.
11 May 2015
Low and Volatile Oil Prices Cause Double Whammy to MEG’s 1Q15 Financial Results
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Low and Volatile Oil Prices Cause Double Whammy to MEG’s 1Q15 Financial Results
MEG Energy Corp. (MEG:TSE) | 0 0 (-0.9%) | Mkt Cap: 1,559m
- Published:
11 May 2015 -
Author:
Michael P. Dunn -
Pages:
8
Despite a decent quarter operationally, MEG’s 1Q15 cash flow was well below expectations, as the timing of diluent purchases and heavy
blend sales in a highly volatile price environment worked against MEG in the quarter. This volatility can just as easily work in MEG’s favour at
times, so we are not fussed by the financial “miss” as it does not impact our go-forward estimates.